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Take A Detour

A friend of mine shared this very interesting idea of having
a detour. In fact, this is so accurate not only in my life but everyone as
well. And with his permission, this is indeed worth sharing. This is what he called
as “Detour”.

As an employee, we are so dependent with our income or
salary. Well that is not bad considering that we toiled and laboured for it for
how many days. We go to college and earn a degree in order to get a job. We improve
our skills in order to land the job we want. While there is nothing wrong with
that yet there are other ways that we can earn an income without the need to
physically do it. You see, being dependent to our income or salary might not
sound bad. However, what will happen to you if you no longer have a job? What will
you do if you are forced to resign because of age or health conditions? What if
your company will close down? What will you do?

Hence he suggested “Detour”!

Detour may involve a few other steps or destinations but
trust me it is worth it. Even more, this can be your safety net should
something bad happen to you or your company. Take a look at the diagram.

Detour simply states that a part of our income must be
directed to investments. These investments can create another source of money
pool for us. So that should we no longer have a job, it is these investments
that will generate us the money. No wonder there are some individuals who are
eager to retire because they already have investments that can sustain their lifestyle.
There is no need for them to work anymore since they have been gaining profits
all along.

Perhaps you might ask, what investments should I pick?

To date, there are already a lot of investments. There are
two types of such namely solid assets and liquid assets. Solid assets are the
tangible ones like real estate, apartments, farm, groceries and the like.
Liquid assets are the intangible ones like insurance, mutual funds, stock
market and more.

For new investors, it is best as early as today to invest in
liquid assets. As starters, you can get an insurance that can yield to VUL or
variable universal life that combines insurance protection with investment
opportunity. You may also proceed with mutual funds via your preferred banks. Such
investments don’t eat a large portion of your salary. You can invest as little
as 1,000.

There are many benefits of doing the detour. For one, it can
be good for your retirement, it can also be an income replacement, can help you
preserve your wealth and expand it. For the breadwinners this could help in
financing your family’s needs and other varied financial purchases.

If you want to be ready whatever the worst case scenario is,
it is best to take a detour now. Remember “The Rich are getting Richer not
because of the Things that they Buy and Possesses but rather on the Investment
that they have that keeps on Generating a Profit”.